shkspr

SPY | Informative | 200MA as Support line

AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY

Do you know MA200 was maximum pain for spy corrections? It used to happen at least once each year, but for the last two years, MA50 was the support line. As I see all these day-dreamers, master of universes, Furus and Gurus talking about 500$, 600$ from this point now, of course, it's possible, anything is possible in the market, But the fact that no one remembers the past is frustrating, we should expect anything now, I believe we are going to hit MA200 very soon, 440$ is the minimum price target, and then we will see.
FYI: I loaded PUTs for Feb 440$, and I didn't close any of my short positions; I am short on QCOM, BAC, PTON, IWM, QQQ, MRNA. and I'm long UVXY, PFE

*This is my idea and could be wrong 100%.

no pain, no gain
Unveiling illusions, revealing wealth
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.